Financial Analysis

NOTE 3 - BUSINESS COMBINATION : On November 6, 2024, the Company (through its wholly-owned subsidiary, Second Empire) purchased the remaining assets of Empire Coffee Company for $ 800,000 in a Uniform Commercial Code (UCC) Chapter 9 sale (the Second Empire Acquisition). Operations of Second Empire will include roasting and packing for current Companys customers as well as customers of Empire Coffee. The results of Second Empire are included in the Companys consolidated financial statements from the date of acquisition. The Company has accounted for the Second Empire Acquisition as a business combination using the acquisition method of accounting, whereby the total purchase price was allocated to the acquired identifiable net assets purchased in the Second Empire Acquisition based on assessments of their respective fair values. The assets purchased consisted of equipment, accounts receivable and inventories. The Company has determined that no portion of the purchase price is allocated to intangible assets as there were no acquired intangibles that are considered identifiable under ASC 805. Based on a fair value assessment, all value has been attributed to tangible assets. Second Empire will operate as a 100 % wholly owned subsidiary of the Company. The following tables summarize the fair values of consideration transferred and the fair values of identified assets acquired at the date of acquisition: SCHEDULE OF BUSINESS COMBINATION Accounts Receivable 531,585 Inventory 268,415 …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 9 - COMMITMENTS AND CONTINGENCIES : The Company has a 401(k) Retirement Plan, which covers all the full-time employees who have completed one year of service and have reached their 21st birthday. The Company matches 100% of the aggregate salary reduction contribution up to the first 3% of compensation and 50% of aggregate contribution of the next 2% of compensation. Contributions to the plan aggregated $ 114,837 and $ 63,095 for the years ended October 31, 2025, and 2024, respectively.

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NOTE 7 - LINE OF CREDIT : On June 27, 2024, the Organic Trading Products Trading Company, LLC (OPTCO and together with us, collectively referred to herein as the Borrowers) entered into the Tenth Loan Modification Agreement with Webster Financial Corp. (Webster) which amended the Amended and Restated Loan and Security Agreement (A&R Loan Agreement) to, among other things: (i) provide for a new loan maturity date of June 29, 2025 , (ii) provide that the applicable margin requirement for any revolving loan outstanding under the A&R Loan Agreement to 2.25 %, (iii) provide that the maximum facility amount shall be $ 10,000,000 and (iv) to adjust certain definitions and terms related to the borrowing base and leverage ratios applicable to the A&R Loan Agreement. The average interest for the twelve months ended October 31, 2025 was 6.98 %. On April 17, 2025, the Borrowers entered into the Eleventh Loan Modification Agreement with Webster which, among other things, amended the A&R Loan Agreement to provide for a new loan maturity date of June 28, 2026. Each of the A&R Loan Facility and A&R Loan Agreement contains covenants, subject to certain exceptions, that place annual restrictions on the Borrowers operations, including covenants relating to debt restrictions, capital expenditures, indebtedness, minimum deposit restrictions, tangible net worth, net profit, leverage, employee loan restrictions, dividend and repurchase restrictions (common stock and preferre …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents revenues by product line for the years ended October 31, 2025 and 2024. SCHEDULE OF REVENUE 2025 2024 Green 31,270,628 31,177,003 Packed 65,012,919 47,385,295 Totals 96,283,547 78,562,298 Revenues 96,283,547 78,562,298

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NOTE 8 - INCOME TAXES : The Companys provision for income taxes in 2025 and 2024 consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES 2025 2024 Current: Federal 128,205 82,332 State and local 26,985 18,544 Total 155,190 100,876 Deferred: Federal 293,573 611,317 State and local 68,926 137,692 Total 362,499 749,009 Provision for income taxes 517,689 849,885 A reconciliation of the difference between the expected income tax rate using the statutory U.S. federal tax rate and the Companys effective tax rate is as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE 2025 2024 Expense (Benefit) from for tax at the federal statutory rate 398,932 644,259 Other permanent differences 2,137 23,718 Return to provision 6,083 29,959 Deferred Tax change in effective rate 26,567 6,838 State and local tax, net of federal 83,970 145,111 Expense (Benefit from) income taxes 517,689 849,885 Effective income tax rate 27 % 28 % The tax effects of the temporary differences that give rise to the deferred tax assets and liabilities as of October 31, 2025 and 2024 are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2025 2024 Deferred tax assets: Accounts receivable 79,565 37,051 Unrealized loss 90,792 - Deferred rent 2,790 942 Deferred compensation 32,737 31,233 Net operating loss - 503,413 Stock-based compensation 638,115 645,892 Inventory 120,742 93,879 Total deferred tax asset 964,741 1,312,410 Deferred tax liabilities: Intangible assets acquired 116,330 95,347 Unrealized gain - 1 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 10 - LEASES : The following summarizes the Companys operating leases: SCHEDULE OF OPERATING LEASES 2025 2024 Right-of-use operating lease assets 2,084,175 1,166,537 Current lease liability 811,975 307,364 Non-current lease liability 1,530,096 865,668 Total lease liability 2,342,071 1,173,032 The amortization of the right-of-use asset for the years ended October 31, 2025 and 2024 was $ 785,957 and $ 315,414 , respectively. Weighted average remaining lease term 2.99 Weighted average discount rate 6.98 % Maturities of lease liabilities by year for our operating leases are as follows: SCHEDULE OF MATURITY LEASE LIABILITY 2026 955,052 2027 818,259 2028 766,322 2029 66,619 Thereafter - Total lease payments 2,606,252 Less: imputed interest (264,181 ) Present value of operating lease liabilities 2,342,071 The aggregate cash payments under these leasing agreements were $ 1,431,164 and $ 288,202 for the years ended October 31, 2025, and 2024, respectively. Variable lease payments were $ 448,765 and $ 131,490 during the years ended October 31, 2025, and 2024, respectively. Operating lease costs were $ 982,398 and $ 426,200 for the years ended October 31, 2025, and 2024, respectively. In May 2024, the Company modified its existing lease agreement pertaining to a portion of its office facility. The Company wrote off $ 1,848,032 in right-of-use assets and $ 2,058,599 lease liability associated with this agreement, resulting in a gain on extinguishment of lease of $ 210,567 . On May 1, …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

RECENT ACCOUNTING PRONOUCEMENTS -NOT YET ADOPTED : In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements Codification Amendments in Response to the SECs Disclosure Update and Simplification Initiative. This standard affects a wide variety of Topics in the Codification. The effective date for each amendment will be the date on which the SECs removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited. The Company does not expect the adoption of this standard to have a material impact on the Companys consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 is intended to improve income tax disclosure requirements by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) the disaggregation of income taxes paid by jurisdiction. The guidance makes several other changes to the income tax disclosure requirements. The guidance in ASU 2023-09 will be effective for annual reporting periods in fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact that the adoption of ASU 2023-09 will have on its consolidated financial statements and disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-4 …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 11 - RELATED PARTY TRANSACTIONS : In January 2005, the Company established the Coffee Holding Co., Inc. Non-Qualified Deferred Compensation Plan. Currently, there is only one participant in the plan: the Companys Chief Executive Officer. Within the plan guidelines, this employee is deferring a portion of his current salary and bonus. The assets are held in a separate trust. The deferred compensation payable represents the liability due to the Chief Executive Officer of the Company. The assets were $ 129,646 and $ 121,386 as of October 31, 2025, and October 31, 2024, respectively, and are included in Deposits and other assets in the accompanying balance sheets. The deferred compensation liability at October 31, 2025 and October 31, 2024 was $ 129,646 and $ 121,386 , respectively. …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 14 SEGMENT INFORMATION : ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Companys chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Companys chief operating decision maker (CODM) is Andrew Gordon, President, Chief Executive Officer, Chief Financial Officer, and Director. The Company has one reportable segment: coffee. The Company derives revenue primarily in North America and manages the business activities on a consolidated basis. The coffee segment derives revenue from the sale of wholesale green coffee, private label coffee and branded coffee. Revenue for these product lines is recognized upon shipment to the customer. The CODM assesses performance for the coffee segment and decides how to allocate resources based on operating income that also is reported on statement of operations as consolidated income (loss) from operations. The measure of segment assets is reported on the consolidated balance sheet as total consolidated assets. When evaluating the Companys performance and making key decisions regarding resource allocation the CODM reviews the Trading Profit and Operating income table below: SCHEDULE OF S …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES : BASIS OF PRESENTATION : The consolidated financial statements include the accounts of the Company, Organic Products Trading Company, LLC (OPTCO), Sonofresco LLC (SONO), Comfort Foods, Inc. (CFI), which closed its manufacturing facility in October 2025, and Second Empire, LLC (Second Empire). All inter-company balances and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and comply with SEC reporting requirements. USE OF ESTIMATES : The preparation of the Companys financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Significant estimates include depreciable lives for long-lived assets, and valuation of indefinitely lived intangible assets impairment testing. These estimates may be adjusted as more current information becomes available, and any adjustment could have a significant impact on recorded amounts. CASH AND CASH EQUIVALENTS : Cash and cash equivalents consists primarily of unrestricted cash on deposits and securities with an original maturity of 3 months or less at financial institutions and brokerage firms. ACCOUNTS RECEIVABLE : Trade accounts receivable is stated at the amount the Company expects to collect. The Company maintains allowances for credit losses f …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 12 - STOCKHOLDERS EQUITY : a. Treasury Stock. The Company utilizes the cost method of accounting for treasury stock. The cost of reissued shares is determined under the last-in, first-out method. The Company did not purchase any shares during the years ended October 31, 2025 and 2024. b. Stock Options. The Company has an incentive stock plan, the 2013 Equity Compensation Plan (the 2013 Plan), and on April 19, 2019, has granted 1,000,000 stock options to employees, officers and non-employee directors from the 2013 Plan each with an exercise price of $ 5.43 . Options granted under the 2013 Plan may be Incentive Stock Options or Nonqualified Stock Options, as determined by the Administrator at the time of grant. During the year ended October 31, 2025, no stock options were forfeited. No options were granted or expired during the years ended October 31, 2025. During the year ended October 31, 2024, 79,000 stock options were forfeited. No options were granted or expired during the years ended October 31, 2024. As of October 31, 2025, and October 31, 2024, 921,000 options, were exercisable. The Company recorded no stock-based compensation expense for the year ended October 31, 2025 and 2024, as all stock option awards were fully vested as of the beginning of the reporting period. …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 15 SUBSEQUENT EVENTS : In December 2025, the Company invested $ 850,000 in The Ryl Company LLC pursuant to a subscription agreement in exchange for a non-controlling minority interest. The investment is passive in nature, and the Company does not participate in management or operations of The Ryl Company LLC. On January 28th, 2026, the Companys Board of Directors approved a cash dividend of $ 0.08 per share, representing one-third of net income. The dividend is payable on or about February 26, 2026, to shareholders of record as of February 10, 2026. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

NOTE 4 - BUSINESS COMBINATION On November 6, 2024, the Company (through its wholly-owned subsidiary, Second Empire) purchased the remaining assets of Empire Coffee Company for $ 800,000 in a Uniform Commercial Code (UCC) Chapter 9 sale (the Second Empire Acquisition). Operations of Second Empire will include roasting and packing for current Companys customers as well as customers of Empire Coffee. The results of Second Empire are included in the Companys condensed consolidated financial statements from the date of acquisition. The Company has accounted for the Second Empire Acquisition as a business combination using the acquisition method of accounting, whereby the total purchase price was allocated to the acquired identifiable net assets purchased in the Second Empire Acquisition based on assessments of their respective fair values. The assets purchased consisted of equipment, accounts receivable and inventories. The Company has determined that no portion of the purchase price is allocated to intangible assets as there were no acquired intangibles that are considered identifiable under ASC 805. Based on a fair value assessment, all value has been attributed to tangible assets. Second Empire will operate as a 100 % wholly owned subsidiary of the Company. The following tables summarize the fair values of consideration transferred and the fair values of identified assets acquired at the date of acquisition: SCHEDULE OF BUSINESS COMBINATION Accounts Receivable $ 531,585 Invento …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 10 - COMMITMENTS AND CONTINGENCIES Legal Proceedings The Company and its subsidiaries are not involved in any pending proceedings other than ordinary routine litigation incidental to their business. Management believes none of these proceedings, if determined adversely, would have a material effect on the business or financial condition of the Company or its subsidiaries. Executive Compensation Arrangement On February 26, 2026, the Company entered into an amendment to the employment agreement of Andrew Gordon, the Companys President, Chief Executive Officer, Chief Financial Officer and Treasurer. Pursuant to the amendment, Mr. Gordon agreed to reduce his annual base salary from $ 325,000 to $ 80,000 . In addition, Mr. Gordon became eligible to receive a cash incentive bonus of $ 1.6 million, payable no later than March 16, 2030, provided he remains employed by the Company through January 1, 2030. The amendment also requires Mr. Gordon to execute a general release as a condition to receiving any severance benefits under the agreement. The Company determined that the incentive bonus represents a service-based compensation arrangement and is being recognized over the requisite service period from February 1, 2026 through January 1, 2030. As of April 30, 2026, the Company had recorded an accrued liability of approximately $ 102,128 , which is included within accounts payable and accrued expenses in the accompanying condensed consolidated balance sheet. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7 - LINE OF CREDIT On June 27, 2024, the Organic Trading Products Trading Company, LLC (OPTCO and together with us, collectively referred to herein as the Borrowers) entered into the Tenth Loan Modification Agreement with Webster Financial Corp. (Webster) which amended the Amended and Restated Loan and Security Agreement (A&R Loan Agreement) to, among other things: (i) provide for a new loan maturity date of June 29, 2025 , (ii) provide that the applicable margin requirement for any revolving loan outstanding under the A&R Loan Agreement to 2.25 %, (iii) provide that the maximum facility amount shall be $ 10,000,000 and (iv) to adjust certain definitions and terms related to the borrowing base and leverage ratios applicable to the A&R Loan Agreement. The average interest for the three and six months ended April 30, 2026 was 6.03 % and 6.09 % , respectively. On April 17, 2025, the Borrowers entered into the Eleventh Loan Modification Agreement with Webster which, among other things, amended the A&R Loan Agreement to provide for a new loan maturity date of June 28, 2026 . On March 4, 2026, the Borrowers entered into a Twelfth Loan Modification Agreement with Webster, which amended the A&R Loan Agreement to extend the maturity date to December 28, 2026 . All other terms of the Loan Agreement remain unchanged and in full force and effect. Each of the A&R Loan Facility and A&R Loan Agreement contains covenants, subject to certain exceptions, that p …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents revenues by product line for the three and six months ended April 30, 2026 and 2025: SCHEDULE OF REVENUE 2026 2025 2026 2025 Six months ended April 30, Three months ended April 30, 2026 2025 2026 2025 Green $ 16,753,216 $ 18,256,948 $ 7,918,222 $ 9,362,994 Packed 30,938,780 26,368,398 14,207,934 13,957,067 Totals $ 47,691,996 $ 44,625,346 $ 22,126,156 $ 23,320,061 Revenues $ 47,691,996 $ 44,625,346 $ 22,126,156 $ 23,320,061

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NOTE 8 - INCOME TAXES The Company accounts for income taxes pursuant to the asset and liability method which requires deferred income tax assets and liabilities to be computed for net operating loss carryforwards and temporary differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The income tax provision or benefit is the tax incurred for the period plus or minus the change during the period in deferred tax assets and liabilities. As of April 30, 2026 and October 31, 2025, the Company did no t have any unrecognized tax benefits or open tax positions. The Companys practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of April 30, 2026 and October 31, 2025, the Company had no accrued interest or penalties related to income taxes. The Company currently has no federal or state tax examinations in progress. The Company files a U.S. federal income tax return and California, Colorado, Connecticut, Florida, Idaho, Illinois, Kansas, Louisiana, Massachusetts, Michigan, Montana, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, and Virginia state tax returns. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 11 - LEASES The following summarizes the Companys operating leases: SCHEDULE OF OPERATING LEASES April 30, 2026 October 31, 2025 Right-of-use operating lease assets $ 1,867,033 $ 2,084,175 Current lease liability 906,309 811,975 Non-current lease liability 1,221,037 1,530,096 Total lease liability $ 2,127,346 $ 2,342,071 The amortization of the right-of-use assets for the three months ended April 30, 2026 and 2025 was $ 166,555 and $ 195,410 , respectively. The amortization of the right-of-use assets for the six months ended April 30, 2026 and 2025 was $ 336,500 and $ 385,372 , respectively. Weighted average remaining lease term 2.54 Weighted average discount rate 6.89 % Maturities of lease liabilities by year for our operating leases are as follows: SCHEDULE OF MATURITY LEASE LIABILITY 2026 $ 533,113 2027 902,673 2028 810,355 2029 85,264 Thereafter - Total lease payments 2,331,405 Less: imputed interest (204,059 ) Present value of operating lease liabilities $ 2,127,346 The aggregate cash payments under these leasing agreements were $ 281,304 and $ 410,548 for the three months ended April 30, 2026 and 2025, respectively. The aggregate cash payments under these leasing agreements were $ 558,933 and $ 762,242 for the six months ended April 30, 2026 and 2025, respectively. Variable lease payments were $ 75,383 and $ 164,948 during the three months ended April 30, 2026 and 2025, respectively. Operating lease costs were $ 163,847 and $ 245,600 for the three months ended Apri …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements - Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 is intended to improve income tax disclosure requirements by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) the disaggregation of income taxes paid by jurisdiction. The guidance in ASU 2023-09 is effective for annual reporting periods in fiscal years beginning after December 15, 2024. The Company adopted ASU 2023-09 on November 1, 2025. The guidance was adopted prospectively. The adoption of ASU 2023-09 did not have a material impact on the Companys condensed consolidated financial statements and related disclosures. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 12 - RELATED PARTY TRANSACTIONS In January 2005, the Company established the Coffee Holding Co., Inc. Non-Qualified Deferred Compensation Plan. Currently, there is only one participant in the plan: the Companys Chief Executive Officer. Within the plan guidelines, this employee is deferring a portion of his current salary and bonus. The assets are held in a separate trust. The deferred compensation payable represents the liability due to the Chief Executive Officer of the Company. The assets were $ 0 and $ 129,646 as of April 30, 2026, and October 31, 2025, respectively, and are included in Deposits and other assets in the accompanying condensed consolidated balance sheets. The deferred compensation liability at October 31, 2025 was $ 129,646 . The Companys Non-Qualified Deferred Compensation Plan was closed during the six months ended April 30, 2026. As a result, there were no assets held in the trust and no related deferred compensation liability as of April 30, 2026. …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 15 - SEGMENT INFORMATION ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Companys chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Companys chief operating decision maker (CODM) is Andrew Gordon, President, Chief Executive Officer, Chief Financial Officer, and Director. The Company has one reportable segment: coffee. The Company derives revenue primarily in North America and manages the business activities on a consolidated basis. The coffee segment derives revenue from the sale of wholesale green coffee, private label coffee and branded coffee. Revenue for these product lines is recognized upon shipment to the customer. The CODM assesses performance for the coffee segment and decides how to allocate resources based on operating income that also is reported on statement of operations as consolidated income from operations. The measure of segment assets is reported on the consolidated balance sheet as total consolidated assets. When evaluating the Companys performance and making key decisions regarding resource allocation the CODM reviews the Trading Profit and Operating Income table below: SCHEDULE OF SEGMENT …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Companys fiscal year ends on October 31 of each calendar year. The accompanying interim condensed consolidated financial statements are unaudited and have been prepared on substantially the same basis as its annual consolidated financial statements for the fiscal year ended October 31, 2025. In the opinion of the Companys management, these interim condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of its financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates. The October 31, 2025 year-end condensed consolidated balance sheet data in this document was derived from audited consolidated financial statements. These condensed consolidated financial statements and notes included in this quarterly report on Form 10-Q does not include all disclosures required by U.S. generally accepted accounting pr …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 13 - STOCKHOLDERS EQUITY a. Treasury Stock. The Company utilizes the cost method of accounting for treasury stock. The cost of reissued shares is determined under the last-in, first-out method. The Company did not purchase any shares during the three and six months ended April 30, 2026 and the year ended October 31, 2025. b. Stock Options. The Company has an incentive stock plan, the 2013 Equity Compensation Plan (the 2013 Plan), and on April 19, 2019, has granted 1,000,000 stock options to employees, officers and non-employee directors from the 2013 Plan each with an exercise price of $ 5.43 . Options granted under the 2013 Plan may be Incentive Stock Options or Nonqualified Stock Options, as determined by the Administrator at the time of grant. During the year ended October 31, 2025 and the three and six months ended April 30, 2026, no stock options were granted, forfeited, or expired. As of April 30, 2026 and October 31, 2025, 921,000 options were exercisable. The Company recorded no stock-based compensation expense for the three and six months ended April 30, 2026 and 2025, as all stock option awards were fully vested as of the beginning of the reporting periods. On January 28, 2026, the Companys Board of Directors approved a cash dividend of $ 0.08 per share, representing one-third of net income. The dividend was payable on or about February 26, 2026 , to shareholders of record as of February 10, 2026 . …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 16 - SUBSEQUENT EVENTS The Company has evaluated all subsequent events through the date on which the condensed consolidated financial statements were available for use and has determined that no events need to be reported.

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